Middle Eastern demand leads to new Invesco fund launch

Invesco_LatAmInvesco has launched a Latin American equity fund to give offshore investors access to the potential returns from the region, after seeing strong demand from their Middle Eastern client base.
As emerging markets remain attractive, Invesco brought to market the Invesco Latin American Equity Fund. The fund aims to achieve long-term capital growth through investing in shares of Latin American companies, and is expected to have a similar asset allocation to the onshore Invesco Perpetual Latin American Fund.

Through the fund offshore investors can get exposure to the region’s robust economic growth, attractive domestic demand and rich natural resources.

Manager of the new fund, Dean Newman, said: “Latin America is long-term story, economic growth this year and next is likely to be significantly stronger than in the developed world. Both household and corporate balance sheets are strong in Latin America and are far more robust than in Europe and the UK. This means that while consumers are increasingly able to buy durable goods, companies are in a position to invest in strong future growth.”

Nick Tolchard, managing director of international development division and head of Invesco Middle East commented: “Emerging markets is an important and growing area for us. The fund has been launched in response to the strong demand from offshore investors, particularly in the Middle East, who stated in our recent research that 82% plan to increase their exposure to emerging markets over the next 3-5 years.”

©2010 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.